THIRTY percent of traders with fashion shops, ready-to-wear clothes and accessories outlets, have said that the summer sales have not gone well for them this year.
According to research conducted by the Association of Small and Medium-sized businesses in Majorca (Pimeco) the volume of sales during this period isn't measuring up to traders' expectations.
As a result, 52 percent of traders in this category in Palma and 63 percent operating in outlying areas, have described the sales season as so-so, while 30 percent of the total have considered it to be poor.
The same research shows that only 13 percent of traders in Palma are unambiguously qualifying the results of the sales period as being profitable, an opinion shared by only 7 percent of businesses in outlying districts.
Pimeco has confirmed these results as disappointing and points out that as it had already mentioned prior to the onset of the sales, the rise in the number of items sold during this summer's reduction period has not been able to stop the trend of falling trade registered over the last few months, which averages out at 25 percent.
The management organisation did not hesitate to affirm that the negative results are even more accentuated in tourist areas due to the spread of the all-inclusive tourist package.
It is being widely claimed by traders who provide complementary services to tourist hotels in the form of bars, cafés, restaurants, shops and other attractions, that visitors to the Island who pay for an all-inclusive holiday, are not venturing away from their accommodation to spend money on other items.
Pimeco claim the result is a serious loss of profit for many businesses.
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